As it has in other fields such as batteries and minerals, China has made itself an essential link in AI’s global supply chain.
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CAMPBELL’S SALES DECLINE IN FISCAL THIRD QUARTER
Soup and snack maker Campbell’s Co. reported a 4-percent drop in sales in its most recent quarter, with crackers, fresh baked goods, and salty snacks leading the way down.
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SOLAR ENERGY SURPASSES COAL POWER IN U.S. IN MAY
In May, for the first time, solar energy installations generated more U.S. electrical power than coal-fired utility plants.
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CONSUMERS’ OUTLOOK TICKS UP IN NEWEST SURVEY
Falling gasoline prices and news of a stable labor market eased consumers’ worries in the first days of June, according to the University of Michigan’s twice-monthly survey of consumer sentiment.
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NEW JOBLESS CLAIMS EDGED UP IN JUNE
During the week ending 6 June, 229,000 people filed new claims for unemployment benefits.
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U.S. WHOLESALE PRICES ROSE 1.1 PERCENT IN MAY
The prices that manufacturers charge for their products went up 1.1 percent in May from April, when those prices rose by the same percentage.
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U.S. CONSUMER PRICES RISE FASTEST IN THREE YEARS
U.S. inflation rose to 4.2 percent in May from 3.8 percent in April, reaching its highest rate since April 2023, according to data from the U.S. Bureau of Statistics.
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A REPUBLIC OR AN EMPIRE?
The Declaration of Independence of July 4, 1776, embraces two value sets.
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SPOTLIGHT: BIGS GETTING BIGGER
Fox Corp. is buying Roku, a streaming service with more than 100 million subscribers, for $22 billion.
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SPOTLIGHT: PRIVATE CREDIT CRISIS
As we have been reporting, the private credit industry’s current shakeout will winnow out rich individuals unable to tolerate higher-than-average risk.